RUM Group Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 25, 2025
RUM$5.08+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $114,018,900 | $218,338,658 |
| Marketable securities | - | 1,135,200 |
| Accounts receivable, net | 9,778,941 | 5,440,447 |
| Prepaid expenses and other | 12,329,789 | 13,090,072 |
| 136,127,630 | 238,004,377 | |
| Other non-current assets | 402,475 | 1,626,802 |
| Property and equipment, net | 17,068,076 | 19,689,987 |
| Right-of-use assets, net | 1,753,100 | 2,473,903 |
| Intangible assets, net | 29,306,135 | 23,262,428 |
| Goodwill | 10,655,391 | 10,655,391 |
| $195,312,807 | $295,712,888 | |
| Liabilities and Shareholders' (Deficit) Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $18,223,372 | $24,713,203 |
| Deferred revenue | 12,812,984 | 7,003,891 |
| Lease liabilities | 1,000,643 | 975,844 |
| Contingent consideration | - | 863,643 |
| Derivative liability | 184,699,998 | - |
| 216,736,997 | 33,556,581 | |
| Lease liabilities, net of current portion | 799,910 | 1,630,837 |
| Contingent consideration, net of current portion | - | 705,717 |
| Warrant liability | 40,391,302 | 7,696,605 |
| Other liability | 500,000 | 500,000 |
| 258,428,209 | 44,089,740 | |
| Commitments and contingencies (Note 16) | ||
| Shareholders' (deficit) equity | ||
| Preferred shares ($0.0001 par value per share, 20,000,000 shares authorized, no shares issued or outstanding) | - | - |
| Common shares ($0.0001 par value per share, 700,000,000 Class A shares authorized, 118,808,857 and 114,926,700 shares issued and outstanding, as of December 31, 2024 and 2023, respectively; 170,000,000 Class C (and corresponding ExchangeCo Share) authorized, 165,153,621 and 165,353,621 shares issued and outstanding, as of December 31, 2024 and 2023, respectively; 110,000,000 Class D authorized, 105,782,403 and 105,782,403 shares issued and outstanding, as of December 31, 2024 and 2023, respectively) | 768,892 | 768,523 |
| Accumulated deficit | (483,565,942) | (145,203,163) |
| Additional paid-in capital | 419,681,648 | 396,057,788 |
| (63,115,402) | 251,623,148 | |
| $195,312,807 | $295,712,888 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.